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Ambassador
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Joined: 18 Mar 2005
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 Posted: Mon Aug 25, 2008 8:00 pm Post subject: |
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| JDigital wrote: |
| I don't have exact figures, and im still not 100% on all the affecting factors, but I figure 2-3 mixtapes/albums a year independently(assuming my fan base supports and buys that amount) would generate enough revenue to live well enough ? |
Ok let me help you. Lets assume you have 10,000 fans. You release a mix tape and half of them bought the CD version. You sell them for $10. It costs $5,000 for recording/manufacturing/design/sound engineering/and distribution etc. expenses(have to do it right you know) that would mean.
$10ea. x 5,000sold = $50,000 in your pocket minus expenses
$50,000-$5,000expenses = $45,000
Thats good money. My recommendation then would be to plan to expand your brand "You" by investing in your business.
1. Buy more CDs apparently people like the product of you sell that many. Expenses would be less because everything was paid for in the last batch, so your profit will be higher with the next 5,000 sales
2.Get good studio equipment and start planning your own studio. That way you can control how much you produce and you won't have to worry about not having access to good equipment. Plus you can record when you feel like it.
3. Improve the website or get one started. Market, then promote. In that order!
4. Get some volunteers to help build your brand. pay them for good work. Keep the best of them and get rid of the rest.
5. If you sell 10,000(the second batch of 5,000) what ever you did is hittin, shoot a video, learn the system and get some airplay. If you sold 10,000 you can sell 40,000 or better with a video.
another 5,000 sold x $7.00 profit per unit = $35,000. That's a total of $80,000.
Don't get silly and buy an expensive ride. Reinvest first bring more money into the camp for product. There will be lots more money to buy homes and better cars that way.
As for getting rid of the CDs. Target 5 cities to sell 1,000 CDs in each city. That way you continue to make new fans, and you don't over saturate your own underground market. Then do it again.
I hope this helps!
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JDigital
Vet
Joined: 30 Oct 2007
Posts: 48
Location: Amherstburg, Ontario
Diplomacy: 501
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| Posted: Tue Aug 26, 2008 2:20 am Post subject: |
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| Ambassador wrote: |
| JDigital wrote: |
| I don't have exact figures, and im still not 100% on all the affecting factors, but I figure 2-3 mixtapes/albums a year independently(assuming my fan base supports and buys that amount) would generate enough revenue to live well enough ? |
Ok let me help you. Lets assume you have 10,000 fans. You release a mix tape and half of them bought the CD version. You sell them for $10. It costs $5,000 for recording/manufacturing/design/sound engineering/and distribution etc. expenses(have to do it right you know) that would mean.
$10ea. x 5,000sold = $50,000 in your pocket minus expenses
$50,000-$5,000expenses = $45,000
Thats good money. My recommendation then would be to plan to expand your brand "You" by investing in your business.
1. Buy more CDs apparently people like the product of you sell that many. Expenses would be less because everything was paid for in the last batch, so your profit will be higher with the next 5,000 sales
2.Get good studio equipment and start planning your own studio. That way you can control how much you produce and you won't have to worry about not having access to good equipment. Plus you can record when you feel like it.
3. Improve the website or get one started. Market, then promote. In that order!
4. Get some volunteers to help build your brand. pay them for good work. Keep the best of them and get rid of the rest.
5. If you sell 10,000(the second batch of 5,000) what ever you did is hittin, shoot a video, learn the system and get some airplay. If you sold 10,000 you can sell 40,000 or better with a video.
another 5,000 sold x $7.00 profit per unit = $35,000. That's a total of $80,000.
Don't get silly and buy an expensive ride. Reinvest first bring more money into the camp for product. There will be lots more money to buy homes and better cars that way.
As for getting rid of the CDs. Target 5 cities to sell 1,000 CDs in each city. That way you continue to make new fans, and you don't over saturate your own underground market. Then do it again.
I hope this helps! |
Thank You, Thats very usefully information, what I was sorta planning followed those points pretty well, im glad to c other ppl think this is good
1) I was thinkin that too, 10$ a cd, sell 5 make about 40k, (i been lookin around, if I spend the 300$ to travel 4 a week I can record n get my cds for cheaper, n the other money 4 the footwork, n ppl I pay for help, n of course stupid govt taxes) lets say I clear 35k on 5k cds, more cds I buy cheaper they become, n if Things, r good, it keeps getting cheaper.
2) my Boy got a small 2brm cottage out on the lake in the county, hes Moving there Soon the one bedroom will be created into a studio by us over time (the lakehouse on the beach, in the backyard is a great relaxing area quiet, good 4 makin music)
3,4&5) marketing, promotion and brand distinguising are very important to create a name n steady base.
n not Much need 4 a ride if im out on the road (most major cities have buses lol)(def. getting a lac for 5k tho, great car 4 road trips, n my dream car Any lac) it takes money to make money like stretch says, reinvesment is a key to growth, like not just in music, moeny in a investment firm, stocks, trust fund ect ya know im thinkin long run.
anyways Thats all fRom my own thoughts over time. I been meaning to go to chapters get a good business book Any suggestions? thanks for the input tho bro. |
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Ambassador
CEO
Joined: 18 Mar 2005
Posts: 340
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| Posted: Tue Aug 26, 2008 4:35 pm Post subject: |
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| JDigital wrote: |
| I been meaning to go to chapters get a good business book Any suggestions? thanks for the input tho bro. |
Just here to help
check out "E-Myth" by Michael Gerber.
It's not about music, just business told in a story format so it's pretty easy to follow but the lessons are incredible. Most successful business people I know operate on the principals from this book. It's also available in audio format if you prefer to listen.
Go to chapters and read a few chapters...you'll get into it! Promise
Then get "The 21 Irrefutable Laws of Leadership" by John C Maxwell
This book will help you understand those that lead and those that follow. Also great for building a business.
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MzBrilliance
Supreme
Joined: 02 Apr 2007
Posts: 337
Location: Windsor, Ontario
Diplomacy: 3137
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| Posted: Tue Aug 26, 2008 7:04 pm Post subject: |
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| I just wanna say that the last time I checked, this forum was for discussion....as in talking about things that are on your mind etc....Many times Ambassador has let us know that we should feel comfortable to speak our minds about ANYTHING.....with this being said...who is anyone else to say what people should start discussions about? that's all..... |
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Ambassador
CEO
Joined: 18 Mar 2005
Posts: 340
Diplomacy: 2579
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| Posted: Thu Aug 28, 2008 7:51 am Post subject: |
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| MzBrilliance wrote: |
| Many times Ambassador has let us know that we should feel comfortable to speak our minds about ANYTHING..... |
That's right, and we will maintain the tradition.
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JDigital
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Joined: 30 Oct 2007
Posts: 48
Location: Amherstburg, Ontario
Diplomacy: 501
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| Posted: Thu Aug 28, 2008 9:51 am Post subject: |
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| yo good looking, I like to read, especially whene I am benefiting from it lol. I have a good business sense from all the business the past years, I have a pretty good understanding of the business world. my business world n the real one r a bit different but Thats y I like to educate myself from books. |
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Ambassador
CEO
Joined: 18 Mar 2005
Posts: 340
Diplomacy: 2579
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| Posted: Thu Aug 28, 2008 5:15 pm Post subject: |
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| JDigital wrote: |
| I have a pretty good understanding of the business world. my business world n the real one r a bit different but Thats y I like to educate myself from books. |
I don't hear of too many hip hop artists reading books that advance themselves, so congratulations on working to advance your understanding on a deeper level.
Let me know how you progress through books I'd like to discuss what you're learn.
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JDigital
Vet
Joined: 30 Oct 2007
Posts: 48
Location: Amherstburg, Ontario
Diplomacy: 501
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| Posted: Fri Aug 29, 2008 5:04 pm Post subject: |
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| I got the wutang manual by rza its a sick book but right now im reading an amazing book by dr michael eric dyson(from detroit) called holler if you Hear Me:searching for tupac shakur it is a great read, only beginning it, its about tupac the person I like it so far, I love to read about everything tho, if its interesting, about technology, cars, politics, nature, people, or places, I love to fill my brain up! |
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On tha low Brotha
Supreme
Joined: 09 Nov 2005
Posts: 415
Location: South Detroit
Diplomacy: 2360
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| Posted: Sun Aug 31, 2008 11:42 pm Post subject: |
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Dr Michael Eric Dyson holds down the west side of detroit,and has an older brotha in prison i believe on a murder charge that is in question.
This is one black man that i admire,and respect,he's now a professor at yale,formerly at Penn.
Come and watch this video/interview Soledad O'Brien did with Dr Dyson,and his brother everett.
http://www.cnn.com/2008/US/07/23/bia.michael.dyson/index.html#cnnSTCVideo |
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JDigital
Vet
Joined: 30 Oct 2007
Posts: 48
Location: Amherstburg, Ontario
Diplomacy: 501
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| Posted: Mon Sep 01, 2008 12:37 am Post subject: |
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| Dr. Dyson gets a lot of respect in my books. I have seen him on bet and even the colbert report! He seems to be a ve y intelligent and real person. |
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